With just 329 new residential dwellings consented this month, this is the lowest level of new building consent activity since July 2020, where there were only 317 new dwellings consented across all three Councils. This trend is mirrored across the whole of New Zealand, and I expect numbers to continue to decline for some time … Continued
Currently, multi-unit construction accounts for almost 7 out of 10 new residential dwellings consented in the Christchurch. I have been saying for the past 12 months that the market is oversupplied and that developers and investors should be cautious. I have just finished my latest detailed report analysing this market and here is my Executive … Continued
Why are building consent numbers continuing to increase? This month there were 727 new residential dwellings consented (across all three Councils). So far this year, there has been three months with more than 700 dwellings consented…this is greater than the previous highest number of consents issued (626), which was the absolute peak of the earthquake … Continued
I have been saying for several months now that I believe that we are at the peak of our ability to build more houses. Currently, both here in Canterbury and right across New Zealand, the number of residential building consents are coming through at record levels. Year on year, the three Councils in the greater … Continued
In a week where residential construction numbers across the country hit a 45 year high, the numbers in Canterbury aren’t showing the same level of growth. Although the Governments KiwiBuild programme has crashed and burned, the construction sector seems to be picking up the slack, building more houses than we have seen in … Continued
In May we saw the highest number of new residential dwellings consented in 45 years. The industry is literally maxed out with regard to the number of people available to build. Take a quick listen to Andrew Kelleher (from JMI Wealth) talk about some of the challenges facing the Construction sector at the moment. … Continued
A comprehensive and detailed analysis of Residential Constriction in Christchurch based on Building Consent reports provided by the Christchurch City Council
Almost weekly another building company goes into liquidation and hits the news. And these are only the larger companies, generally owing millions to creditors and sub-contractors. What about all the smaller builders and various trades business we don’t hear about? So why do builders go bust? Unfortunately, there isn’t one particular reason … Continued